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20130124
20130201
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after the report on earnings. >> president obama's health care reform, you have of the law has taken effect, union leaders are having buyers remorse. we'll tell you why next. >> and our own jeff cox says he's not a believer in the rally. that's coming up on the "closing bell." stay with us. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> when it really mattered, they supported it. now some unions are turning against president obama's health care reform. eamon javers has the details. >> reporter: hi, scott. some unexpected price hikes could be causing headaches for some unions in terms of the president's new health care law and the price they have to pay for health care for their union members. this was reported by the "wall str
in the u.s. love to keep more jobs here. just got to find a way to solve that problem. >> how does obama care and the health reform affect you as a company? >> well, certainly it provides re people will be covered by prescriptions. that's great news for the entire pharmaceutical space. for our particular company, we don't focus so much on continuous care medicines. we generally focus on women's health, those kind of issues so for us not as great but for other pharmaceutical companies great opportunity. >> we'll let you go. they will be anxious to get you up to the balcony so you can ring the closing bell. your logo is green. why didn't you wear green? >> i wore green for him. >> you're australian? >> yeah, i'm starting to forget it. >> no idea. >> we're about to enjoy the close with 20 minute to go here, and the market is continuing to levitate a bit. >> absolutely. still marching closer and closer to a all-time high. really driving this rally? is it fundamentals or just the fed's easy money? that's coming up next. >> the big debate these days, and did the gop roll over on spending and c
reform? >> i think reform is something for mexico to consider. as president obama was told few weeks ago, mexico is not helping the u.s. how to do it. comprehensive immigration reform will have to address the issues that need mexico's collaboration, to having a temporary worker's program that will allow appear orderly travel of workers. we need to be an agreement with mexico. we'll support immigration reform in the u.s. we understand it's a u.s. issue and with respect to the u.s. will decide and our position is to make things to be helpful. >> and the final question here, as we see money coming into the country and the activity picking up in mexico, it's certainly a hot spot in the orlando. what industry specifically are driving that growth? >> well, manufacturing is the main source of our competitiveness. as opposed the companies in latin america. we have a quite sophisticated manufacturing base. it's our space, it's the auto industry in all its component and we're quite competitive and we will continue to be quite competitive. >> minister, it is good to have you on the program the. >>
entitlement e reforms. the trouble is none of that's on the table. james, i will take spending cuts when i can get them. >> exactly, larry. >> go ahead, james. >> that's why republicans learned to love the sequester. president obama is giving them a menu of bad options. this is the one modest step, baby step toward reform, toward fiscal sanity that tells private markets maybe there is hope that the government will pull back. maybe if you want to think optimistically you make the case for tax reform, regulatory reform to get the growth up. tax reform to the president means more money for the government. you take spending reforms where you can get it. >> let me make this simple. i consider much of what's been said so far to be ideological. you said there would be no math on this but c plus i plus g. we all believe that. in an economy that has -- >> wait a minute. >> in an economy with an output gap. >> hang on. >> if you cut government spending we will shrink. >> consumption plus investment is 3.4% at an annual rate. >> great. >> it did fine. it was the g. you had one-off trade deficit issues an
spending. let's reform entitlements. let's get the deficit down. big picture stuff that never really surfaced in the obama administration. >> it absolutely didn't. and again, perhaps that's a reason the council is going away. the recommendations that -- the big picture items that the council recommended were never really adopted by the obama administration, never pursued, despite the fact that these are people the president appointed and had significant business experience. and somebody again that would lend credibility to us as republicans and democrats in congress as a way to come together to get this country's economy moving. in my view, the situation has not changed. in fact, as we saw by the numbers you just reported, the lack of jobs, the slowing of the economy are still here, perhaps getting more evidence that things are going in the wrong direction, not the right direction. and all the more reason to have something to coalesce around the darn partisanship of washington, d.c. and the differences between congress. and i could say every time i say to my democratic colleagues tha
way. >> jimmy, i think -- i know mr. obama is sitting high, though he got whacked by the federal court today but i think democrats can be pretty stupid, too. if they reject entitlement reform, if they say we're just going to raise taxes like this budget deal, just taxes and no spending, if they don't deal with federal debt and they don't deal with the economic growth problem, then the democrats are going to be stupid and they're going to give away what advantage they have now. >> charlie cook wrote a really great column today about this issue in 2016 it will still be about the economy, stupid, right? here's the problem. the republicans, you just said bill clinton and ronald reagan. i appreciate that. you also described a dead white man and a nearly dead white man. the republican party has got to get off this issue of only appealing to white men and women over 50. the country is changing and it's changing rapidly. >> in fairness we're having a conversation about bobby jindal -- >> but you dismissed him as a serious presidential candidate. >> i didn't dismiss him. i said his tactic was d
even the elements to it. >> well, tax reform, the question is the tax tape, do you thank you obama is shifting the debate now, that there is going to be far more taken in greater taxes for the wealthy and far less in spending cuts because that is the cret rick? >> difficult to predict. here is where we are right now. in terms of what has been enacted in 2011 and 2012, we are more than half way, hand this is conservative, i think, more than halfway to the so-called $4 trillion level. of that -- of that effort in 2011 and 2012, what has already been inenacted in terms of savings, it's a -- disproportionately weighed on spending cuts, about 72-28. we need more spending cuts, without a doubt we need that i think we have got to try to make sure we get the balance right r >> just ask you one more question, sir, do you think there is a risk that president obama wastes his political capital in the view of most americans? i mean, the rest of the world is here issing, climate change and carpet emissions in the inaugural speech but not what most americans seem most to care about. it's usually
people would have said they wanted done, like pass some big free trade agreements. reform the past, try to streamline visas -- >> columbia and -- >> but they weren't going to pass. it was obama who breaks the logjam on those trade agreement and passes korea, colombia, panama. i think we can go through a list of a bunch of significant pro-growth, pro-business, pro-market things that the administration did that i think will contribute, and i would put patent reform in there and i would put reforming the visa system to reduce where people come in to visit the u.s., that's a big deal. and if we got some more high skill immigration i think that would help. >> so the next four years, the obama administration will not be a hynde rans to private sector growth getting back to 3% or 4%? >> i don't think -- i think -- >> you think -- >> i think it's a help. >> trying to get in to growth rate. >> -- from the financial crisis? >> i think a lot of this. the fact that normally housing is about a third of an expansion, it's a very cyclical sector. we got way overbuilt. we had 6 million vacant homes. so
of health care reform. >> bridge us to a point you brought up, charlie. we have the sequester coming up and do have the cliff debate. rather the debt limit debate. policy risk, unlike writing dodd frank and obama care, shifted to guns and immigration and expect those to have less of an impact on the market. >> exactly right. compare what the obama administration is focused on and proposing right now to what is focused on four years ago and it is much better. four years ago, we were staring at obama care, dodd frank, cap in trade, card check, a long list of stuff bad for business. now focused on guns, immigration, gay marriage, these things you may like them, may not like them, they are not bad for business. >> john, i'm interested in your pessimism, a market which so far this year, this months, gained 5%. when we are eyeing dow 14,000, would appear that some retail money is coming into stocks. your he arguing the situation is bad, the market is rallying, they are coming back into it, they can profit from it moving through the year. are they wrong? >> sorry. >> john? >> john? >> the situ
Search Results 0 to 8 of about 9